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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
Reuters64d agobullish
IBM buys HRL Laboratories in shift to two-track quantum computing strategy

IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the ‌company said on Thursday, adding a second pillar to IBM's quantum computing efforts. IBM has been racing ‌against Alphabet's Google, Microsoft and others to create practical quantum machines that can crack problems that would take conventional computers thousands ​of years to solve. In May, U.S. President Donald Trump's administration said it would award $1 billion to IBM to set up a new company called Anderon in New Albany, New York, to serve as a chip factory for U.S. quantum computing firms.

Alphabet and Tesla Were Punished for Heavy Spending. IBM Already Took Its Hit a Week Earlier.
Insider Monkey64d agoneutral
Alphabet and Tesla Were Punished for Heavy Spending. IBM Already Took Its Hit a Week Earlier.

Three big earnings reports came out this week. Alphabet Inc. (NASDAQ:GOOGL) and Tesla, Inc. (NASDAQ:TSLA) reported Wednesday after the market closed, and International Business Machines Corporation (NYSE:IBM) shared its official results the same day. All three show the same thing: spending money on AI is starting to hurt profits. However, each company’s story is different […]

IBM lowers annual revenue outlook as mainframe weakness weighs on growth (NYSE:IBM)
InvestorsHub64d agoneutral
IBM lowers annual revenue outlook as mainframe weakness weighs on growth (NYSE:IBM)

IBM (NYSE:IBM) lowered its revenue growth expectations for 2026 after weaker demand for data-centre mainframe systems weighed on quarterly performance, although the company maintained confidence in its profitability and long-term artificial intelligence strategy. The updated guidance follows a challenging quarter for the technology group, with infrastructure sales continuing to soften despite modest overall revenue growth.

Bloomberg64d agobullish
Intel Needs More Than Blowout Earnings as Chips Rally Falters

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Le

IBM's Q2 Deal Slippage Is a 'Temporary Speed Bump,' Says Michael Lee as CEO Arvind Krishna Says Delayed Deals Are Closing
Benzinga64d agoneutral
IBM's Q2 Deal Slippage Is a 'Temporary Speed Bump,' Says Michael Lee as CEO Arvind Krishna Says Delayed Deals Are Closing

While International Business Machines Corp. (NYSE:IBM) reported a second-quarter revenue shortfall due to delayed software agreements, market experts and company executives remain optimistic about the long-term outlook. Michael Lee, the Founder of Michael Lee Strategy, characterized the recent earnings miss as a mere “temporary speed bump,” an assessment directly bolstered by IBM CEO Arvind Krishna’s revelation that roughly a third of those delayed transactions were successfully finalized in the

Is International Business Machines (IBM) Undervalued Following Earnings And Its 2026 Outlook Trim?
Simply Wall St.64d agoneutral
Is International Business Machines (IBM) Undervalued Following Earnings And Its 2026 Outlook Trim?

International Business Machines (IBM) has come into focus after reporting second quarter 2026 earnings, with revenue of US$17.16b and net income of US$2.17b. This gives investors fresh numbers to assess the stock. See our latest analysis for International Business Machines. IBM's recent earnings reset and trimmed 2026 revenue outlook have coincided with pressure on the stock, with the share price falling 18.4% over the past 30 days and the year-to-date share price return down 29.4%. Even so,...

International Business Machines Q2 Earnings Call Highlights
MarketBeat64d agoneutral
International Business Machines Q2 Earnings Call Highlights

International Business Machines (NYSE:IBM) said its second-quarter 2026 results fell short of expectations as some large software transactions slipped late in the period, prompting the company to lower its full-year revenue growth outlook while maintaining its free cash flow target. Chairman, Presi

IBM (NYSE:IBM) Misses Q2 CY2026 Sales Expectations
StockStory64d agobearish
IBM (NYSE:IBM) Misses Q2 CY2026 Sales Expectations

Technology and consulting giant IBM (NYSE:IBM) fell short of the market’s revenue expectations in Q2 CY2026 as sales only rose 1.1% year on year to $17.16 billion. Its non-GAAP profit of $2.93 per share was in line with analysts’ consensus estimates.

IBM (IBM) Matches Q2 Earnings Estimates
Zacks64d agoneutral
IBM (IBM) Matches Q2 Earnings Estimates

IBM (IBM) delivered earnings and revenue surprises of 0.00% and -0.03%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

MSA Safety (MSA) Appoints Octavio Marquez To Its Board Of Directors
Simply Wall St.64d agoneutral
MSA Safety (MSA) Appoints Octavio Marquez To Its Board Of Directors

MSA Safety (NYSE:MSA) has elected Octavio Marquez to its Board of Directors. Marquez brings leadership experience from Diebold Nixdorf, Dell EMC, Hewlett Packard Enterprise, IBM, and NCR. The appointment introduces additional banking and technology sector expertise to the company’s board. MSA Safety, trading at $169.99, has seen the stock decline 2.4% over the past year, while showing a 5.0% return over three years and 11.2% over five years. For investors tracking longer term governance and...

IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
Reuters64d agobearish
IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending

IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward ‌AI-focused data-center gear at the expense of its software and mainframe computers. The company also missed profit and revenue expectations for the ​second quarter ended June 30, but executives sought to reassure shareholders that customers prioritized spending on AI in the quarter but were not looking to move away from mainframes in the longer term. CEO Arvind Krishna said last week IBM had "faltered" in adapting and "numerous large deals" had slipped, sending the company's ‌shares down 25%, its steepest one-day ⁠fall in more than a century.